Price is respecting the resistance of a potential bearish channel forming for CJ. Heavy pressure has produced a bearish landscape with lower highs and lows. I will be watching this pair for a potential short in the near future. Possibly the 50 Fib level will be the area to focus on for an entry below the EMA. Short will be to the bottom of Fib if conditions permit..
Note: Trade at your own risk
Note: Trade at your own risk
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.